Crossroads Investment Planning

Car Affordability

How Much Can You Afford to Pay for a Car?

Your down payment and monthly payment amount are just the beginning of the costs involved in owning a car. Maintenance, insurance, fuel, and other ongoing expenses can take up a substantial amount of your overall transportation budget.

For many individuals, the price of car they can afford is a function of the amount
of the monthly payment. You can use this calculator to help determine how much you
can afford to pay for a car based on your monthly payment amount, down payment,
loan term, and available interest rate.

Your Results

Based on the information you provided, you can afford to buy a car that costs:

$0.00

Total interest you would pay:

$0.00

Total cost of car:

$0.00

This chart illustrates the remaining loan balance over the life of the loan.

Car Loan Balance Over Time

This hypothetical example is intended for illustrative purposes only. Actual results
will vary based on the car you buy and the terms of your loan.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

Attendees of this seminar and other seminars should always take the time to research the firm and its financial advisers as wells as the products being offered before opening an account or making a purchase. The Securities and Exchange Commission (SEC), FINRA, and State Regulators makes a variety of tools available to investors to assist them in understanding investment products and investigating a broker or other financial professional before investing.

The presenter of this information is a registered representative of GWN Securities, Inc. and/or independent insurance agent. The presenter of this invitation as well as the information presented at the seminar is not related to, endorsed by nor connected with and not approved by any Government Agency or organization. Although the seminar is providing information of value to consumers, the seminar is a solicitation for investment products.